The Wrap Warren Averett

The past few years have not been easy for the retail and consumer industry with pandemic shortages and restrictions, rising inflation and a changing workforce. However, the landscape is actually starting to look up again, with profit margins creeping back to pre-pandemic levels and opportunities in technology, hiring and business strategies on the horizon. 
 In this episode of The Wrap, our hosts are joined by Warren Averett’s Retail & Consumer Industry Group leader Branden Crosby, CPA, CGMA, and Charles Bailey, CPA, to discuss the current state of the industry and what business leaders can do to plan for future success. 


In this episode, you’ll hear:
Specifics about how inflation is directly affecting prices About the changing retail workforce and why it’s getting olderHow technology such as AI can help restaurant owners monitor the flow of customers and make their business models more efficientInformation about beneficial ownership reporting and how it will affect most business beginning January 1, 2024The definition of a beneficial ownerResources for additional information:
Blog: What Is Beneficial Ownership Reporting? (And Other FAQs About Compliance)Blog: 10 Restaurant Metrics to Monitor for Financial SuccessBlog: 4 Things To Do Before You Set Long-Term Business GoalsBlog: 7 Restaurant Finance Best Practices for Increasing Cash FlowPodcast: Making the Most of Your Staffing and Recruiting EffortsPodcast: Employee Retention and Recruiting in Today’s Competitive EnvironmentBlog: How To Interpret a Restaurant Chart of Accounts for Valuable InsightsBlog: Restaurant Industry Trends for 2023 (And How To Respond to Them)

In this episode, join our experts as they unravel the dynamic landscape of the Private Equity industry and offer insights into the latest tax strategies. 
Our host is joined by three of the firm’s Private Equity Industry experts, Floyd Holliman, CPA, David Legrand, CPA, and Adam West, CPA, to concisely explore topics that impact returns and portfolio holdings, from navigating regulatory changes to planning techniques for businesses.


In this Episode, you’ll hear:
Discussion regarding the Tax Cuts and Jobs Act and how it will affect businesses in the upcoming tax season Planning strategies to help businesses with inventory mitigate the loss of depreciation and amortization Details regarding the changes Section 174 of the tax code and how it affects R&D expensesAdvice about ERTC and how to make sure your business has proper documentationThis episode reflects our views at the time it was recorded.
Resources for additional information:
Blog: Eight Private Equity Trends to Expect in 2023 (And How to Respond to Them)Blog: A Business's Guide to R&D Expense Capitalization and Amortization ChangesBlog: 6 Tax Planning Items Ever Business Should Consider in Year-End Tax PlanningBlog: Significant Changes To How Your Company Accounts for R&D CostsBlog: 5 Ways a Company Can Use the R&D Tax Credit

Real estate managers and developers have many concerns heading in to 2024, from rising interest rates and banking liquidity issues to uncertainties in federal legislation regarding tax cuts and allowances.
In this episode of The Wrap, Cristy Andrews, CPA, CGMA, leader of the firm’s Real Estate Practice Group, and David Borsos, Vice President of Capital Markets with the National Multifamily Housing Council (NMHC), join our hosts to discuss the current state of the real estate industry and opportunities for property owners, managers and developers. 
In this Episode, you’ll hear:
About the challenges in real estate capital markets due to rising interest rates, housing shortages and decreased banking liquidityInformation about the shifts coming in 2024 to the Tax Cut and Jobs Act regarding bonus depreciation allowancesHow remote and hybrid work are leading to shifts in property managementWays technology can provide solutions for the real estate industry to centralize data, combat labor shortages and avoid fraudulent resident screeningsStrategies to control real estate management budgets while property tax assessments and insurance costs rise at historic ratesResources for additional information:
Blog: FAQs about 1031 (Like-Kind) Exchanges by Real Estate InvestorsBlog: 6 Tax Planning Items Every Business Should Consider in Year-End Tax PlanningBlog: The Real Estate Professional Tax Status: Do You Qualify?Blog: Inflation Reduction Act Upgrades the Section 179D Tax Deduction (11.2022)Blog: The Principles of Proactive Tax Planning [Five Considerations for Business Owners]

Doing business with the country’s largest customer (the federal government) comes with requirements, opportunities and challenges that other organizations simply don’t have. So, what does it take to be truly successful as a government contractor?  
In this episode of The Wrap, Amber Stout, CPA, Jared Sharp, CPA and Todd McAdams, CPA, CGMA, MACC join our hosts to discuss the nuances of leading organizations to financial and compliance success in the government contracting industry. 
After listening to this episode, you’ll:
Be familiar with the opportunities and challenges that are unique to the government contracting industryUnderstand how research and development expenses are capitalized and amortized—and one important nuance for government contractorsKnow the basic information you’ll need to provide to meet the unique reporting requirements in this industryUnderstand what really makes a “DCAA-approved” accounting systemKnow a few of the most common tax and business mistakes contractors make—and how to avoid themResources for additional information:
Blog: A Business’s Guide to R&D Expense Capitalization and Amortization ChangesGuide: DCAA Compliance: A Comprehensive Guide for Government ContractorsBlog: How Can A Small Business Ensure DCAA Compliance?Blog: What Is Included in a DCAA Compliant Indirect Rate Calculation?Blog: Why A DCAA Compliant Chart of Accounts Should Be Your System’s FoundationBlog: What Are the Benefits of DCAA Compliance Consulting?Blog: Don’t Ignore These DCAA Accounting Policies and ProceduresBlog: Tips for Protecting your Government Contracting Business with QuickBooks DCAA ComplianceBlog: Three Broad Issues a DCAA Audit Can Uncover for Government ContractorsBlog: A DCAA Compliance Checklist for Government ContractorsBlog: Five Steps to DCAA Timesheet Compliance for Government ContractorsBlog: How to Identify an Adequate Accounting System for Government Contracts [12 Important Elements]Blog: Determining the Best Accounting Software for Small Government ContractorsBlog: Business Process Optimization: 5 Ways to Improve Your Systems and Processes

Construction is a booming industry across the United States with a bright future partially fueled by an increase in governmental infrastructure projects. However, the industry is also facing unique challenges due to a shrinking pool of trade labor, economic uncertainty in the private sector and continued supply chain issues post-pandemic.
In this episode of The Wrap, our hosts welcome Will Aderholt, CPA, CCIFP, leader of Warren Averett’s Construction Industry Practice, as well as special guest Jay Reed, President of Associated Builders and Contractors of Alabama, to discuss specific challenges and opportunities affecting the construction industry . 
In this episode, you’ll hear: 
How workforce development programs are looking to address labor shortages of skilled trade positionsInformation about supply chain issues and how they are still impacting construction projects post-pandemicDiscussion surrounding the fear of a recession and how it is affecting construction projects and financingInsight about succession planning specific to the construction industryAdvice for diversifying your construction business and building relationships with competitorsResources for additional information:
Blog: Four Economic Factors Impacting Construction Companies (And How To Overcome Them)Blog: Proactive Planning for Contractors in Uncertain TimesBlog: Bouncing Back From the Pandemic: Tips for ContractorsBlog: Selling a Business: Checklist From a Buyer’s PerspectivePodcast: Episode 010 – Don’t Let the Sell Run DryPodcast: Episode 050 – Employee Retention and Recruiting in Today’s Competitive Environment

Opportunities abound for technology companies, but in such a dynamic industry, how can business leaders navigate risk and plan for continued success? 
In this episode of The Wrap, our hosts are joined by two of Warren Averett’s technology industry experts, Larry Pirkle, CPA, and Yogesh Patel, CPA, CFE, to discuss the challenges and opportunities affecting business leaders in the tech space. Listen in to learn more about raising capital and growing revenue, finding employees with up-to-date experience and protecting customer data.  
In this episode, you’ll hear: 
Discussion about raising capital and the impact rising interest rates are having on valuationsAdvice for growing revenue and investing funds back into the businessInsight about the importance of product development for tech companiesHow the advancements in AI are affecting the search for experienced developersInformation about SOC reports and whether they are a worthwhile expense Resources for additional information:
Podcast: Episode 014 – Your Team’s Work Makes Your Dreams Work (Recruiting and Retaining Employees)Podcast: Episode 039 – Why is SOC Reporting Important to Service Provider Businesses? Blog: Every Financially Strong SaaS Business Model Embraces These 4 Vital ElementsBlog: Four Ways Technology Companies Can Weather a Recession or Economic DownturnBlog: What is a SOC Report? (And Other Questions Answered About Your Internal Controls)Blog: Five Key Considerations for Growth-Stage FintechsBlog: Guide for Software Companies Being Acquired by Private Equity